[Grrrr I'm a tiger]

Red Knight, on 30 April 2012 - 02:00 PM, said:

Odds shorten on Mancunian to replace Merv............

http://ftalphaville....e-governor-job/

As one of the great Glowballists, I wouldn't expect any special favours from him.


Anyway, some sage advice from a forthright Yorkshireman:


http://video.ft.com/...boosting-growth



EDIT: I don't entirely agree with him however. There are areas where we lack ambition and take an extremely small share of the value chain for superior knowledge and skills. A great example would be ARM. If ARM was run by Jobs, he would have been looking to see how he could cut out other people and use his technology to take the lion's share. Would you rather be ARM or Apple? It is just that they are happy with their blue sky research and working environment, decent wages...but they don't have the drive to take over the world. Nor do they have the social cohesiveness at their core where the middle classes provide work for those lower down the food chain - happier to keep their hands clean and see it done elsewhere.

This post has been edited by hotairmail: 30 April 2012 - 03:03 PM

[georgia o'keeffe]

hotairmail, on 30 April 2012 - 02:55 PM, said:

As one of the great Glowballists, I wouldn't expect any special favours from him.


Anyway, some sage advice from a forthright Yorkshireman:


http://video.ft.com/...boosting-growth



EDIT: I don't entirely agree with him however. There are areas where we lack ambition and take an extremely small share of the value chain for superior knowledge and skills. A great example would be ARM. If ARM was run by Jobs, he would have been looking to see how he could cut out other people and use his technology to take the lion's share. Would you rather be ARM or Apple? It is just that they are happy with their blue sky research and working environment, decent wages...but they don't have the drive to take over the world. Nor do they have the social cohesiveness at their core where the middle classes provide work for those lower down the food chain - happier to keep their hands clean and see it done elsewhere.

i like ARM, if for arguments sake those were the differing philosophies at work id much rather ARMs philosophy but that might be my natural sloth shining through

This post has been edited by Georgia O'Keeffe: 30 April 2012 - 04:00 PM

[scepticus]

hotairmail, on 30 April 2012 - 02:55 PM, said:

EDIT: I don't entirely agree with him however. There are areas where we lack ambition and take an extremely small share of the value chain for superior knowledge and skills. A great example would be ARM. If ARM was run by Jobs, he would have been looking to see how he could cut out other people and use his technology to take the lion's share. Would you rather be ARM or Apple? It is just that they are happy with their blue sky research and working environment, decent wages...but they don't have the drive to take over the world. Nor do they have the social cohesiveness at their core where the middle classes provide work for those lower down the food chain - happier to keep their hands clean and see it done elsewhere.

The difference between ARM and apple is IMO not one of philosophy, they simply operate at different levels of the market. Apple sells finished products to end consumer (an OEM) and ARM sells semiconductor intellectual property to chipmakers who make the chips that go in Apple products.

FYI, ARM is dominating the world. ARM cores are in every mobile phone, vast quanities of embedded systems and now compete with Intel in servers. While Samsung looks set to begin dominating Apple, ARM has its cores in both Apple and Samsung phones.

To totally 'take over thw world' ARM would need to make their own chips, but if they did that then the buyers could only get ARM powered chips froma single source and would therefore immediately seek alternatives.

[Democorruptcy]

Hugh Hendry:

http://www.scribd.co...screen/91764042

[scepticus]

Democorruptcy, on 30 April 2012 - 05:11 PM, said:

Hugh Hendry:

http://www.scribd.co...screen/91764042

Thanks for posting the latest braindump, which IMO is consideraby better than his last one and worth reading in full.

What a character he is!

[R K]

Does Gross have a 'tell'?

The quality, higher yielding (largely non-US) equities/bonds seem destined to become the next 'big thing'.

I guess he's already placed his bets..........

http://www.pimco.com...ever-Comes.aspx

[R K]

Markit and HSBC PMIs over next 24 hours.

http://www.businessi...-preview-2012-5

[R K]

Quote

Bond Vigilantes ‏ @bondvigilantes New post: RBA slashes interest rates - the lucky country is getting nailed http://******/u5pVDx

Between Ayres rock and a hard place

[Grrrr I'm a tiger]

Seems to be one of those first of the month days.

[Grrrr I'm a tiger]

Was that the back test?

[R K]

Oh Scepticus.........

Quote

John Authers ‏ @johnauthers Vix doesn't predict volatility, and Vix-based ETNs don't hedge against it. My video w Alphaville's Izzy Kaminska:http://video.ft.com/v/1614657199001/Conquering-fear

[scepticus]

Red Knight, on 01 May 2012 - 04:38 PM, said:

Oh Scepticus.........

Better delete that link before HAM comes back...

[Grrrr I'm a tiger]

scepticus, on 01 May 2012 - 05:24 PM, said:

Better delete that link before HAM comes back...

[Deckard]

What do you guys make of this?

Father of Treasury Floaters Says Now Worst Time for Sales

Quote

The U.S. may detail plans for floaters on May 2 when it discloses quarterly funding needs, Mary Miller, the Treasury Department’s undersecretary for domestic finance said in a Feb. 1 press briefing. The Treasury Borrowing Advisory Committee, the bond dealers and investors who meet quarterly with the agency, unanimously endorsed them in February, more than 19 years after Harvey told a Congressional committee that bonds with rates set periodically based on a short-term benchmark would reduce costs.

Floaters would increase the link between the government’s interest payments and movements in short-term rates, which have been near zero since 2008.

Does this mean ZIRP 4EVA, or is it meant to make treasuries more attractive ahead of inevitable IR rises, as ZH proposes, and Campbell Harvey indirectly implies?

[R K]

I'll leave Northshore or Sceppy to comment on the floating rate notes Deckers......though I did pick up this excerpt

Quote

A decision may be announced in two days, when the department details sales of notes and bonds, an official who briefed reporters on condition of not being named said on Feb. 1. They are also considering allowing negative yields at Treasury bill auctions, as recommended by TBAC.

.